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CTBC Financial names chairman

Taiwan's CTBC Bank Co. Ltd. appointed Ming-Shieh Li chairman and Ting-Jeng Chan vice chairman of its board.

Ming-Shieh Li was previously the lender's vice chairman and is taking over the chairman role from Chao-Chin Tung.

The changes are effective Sept. 27, according to a same-day stock exchange filing.

CTBC Bank is a unit of CTBC Financial Holding Co. Ltd.